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3.2) (10 points) Jane likes to have Tea (T) with Cookies (C). She always has 4 cookies for every cup of tea. 3.2.) 3 points)

3.2c) (4 points) If the price of a cup of tea, Pr = 52 and the price of one unit of cookies, Pc = $0.5 and Jane has $12 to sp

please answer the first four subparts

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Answer #1

2.2 (а) T t, СЫ чC = T : UCC, I) min 4c, T) Ut C, T) = min 1 чC, т) 5 ЧС - Т Budget line is : 2T + О. 5 - 12 2 (4) + 0-5 С= 1

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